XS Financial Provides a $2.4 Million Capex Lease Facility to Jushi Holdings Inc
XS Financial Inc. (CSE:XSF)(OTCQB:XSHLF) has announced a $2.4 million CAPEX lease facility for Jushi Holdings Inc, a multi-state cannabis operator. This renewal allows Jushi to purchase equipment with up to 60-month terms, enhancing capabilities in existing facilities and supporting buildouts across their operations. The partnership highlights XS Financial's commitment to providing tailored financing solutions for cannabis industry leaders, enabling their growth and operational success.
Jon Barack, President and Founder of Jushi, expressed appreciation for XS Financial's continued support in their expansion and renovation plans. Antony Radbod, COO of XS Financial, emphasized their dedication to offering innovative and flexible financial solutions to empower growth in the cannabis sector.
XS Financial Inc. (CSE:XSF)(OTCQB:XSHLF) ha annunciato un facility di leasing CAPEX da 2,4 milioni di dollari per Jushi Holdings Inc, un operatore di cannabis multi-stato. Questo rinnovo consente a Jushi di acquistare attrezzature con termini fino a 60 mesi, migliorando le capacità nelle strutture esistenti e supportando le espansioni delle loro operazioni. La partnership sottolinea l'impegno di XS Financial nel fornire soluzioni di finanziamento personalizzate per i leader del settore cannabis, facilitando la loro crescita e il successo operativo.
Jon Barack, Presidente e Fondatore di Jushi, ha espresso gratitudine per il continuo supporto di XS Financial nei loro piani di espansione e ristrutturazione. Antony Radbod, COO di XS Financial, ha enfatizzato la loro dedizione a offrire soluzioni finanziarie innovative e flessibili per favorire la crescita nel settore della cannabis.
XS Financial Inc. (CSE:XSF)(OTCQB:XSHLF) ha anunciado una facilidad de arrendamiento CAPEX de 2,4 millones de dólares para Jushi Holdings Inc, un operador de cannabis de múltiples estados. Esta renovación permite a Jushi comprar equipos con plazos de hasta 60 meses, mejorando las capacidades en las instalaciones existentes y apoyando las ampliaciones en sus operaciones. La asociación resalta el compromiso de XS Financial de proporcionar soluciones de financiamiento personalizadas para los líderes de la industria del cannabis, lo que facilita su crecimiento y éxito operativo.
Jon Barack, Presidente y Fundador de Jushi, expresó su agradecimiento por el apoyo continuo de XS Financial en sus planes de expansión y renovación. Antony Radbod, COO de XS Financial, enfatizó su dedicación a ofrecer soluciones financieras innovadoras y flexibles para empoderar el crecimiento en el sector del cannabis.
XS Financial Inc. (CSE:XSF)(OTCQB:XSHLF)는 다주주 대마초 운영업체인 Jushi Holdings Inc.를 위한 240만 달러 규모의 CAPEX 임대 시설을 발표했습니다. 이번 갱신을 통해 Jushi는 최대 60개월 기간으로 장비를 구매할 수 있게 되었으며, 기존 시설의 역량을 강화하고 운영 전반에 걸쳐 구축 활동을 지원하게 됩니다. 이 파트너십은 대마초 산업의 선도기업들에게 맞춤형 금융 솔루션을 제공하겠다는 XS Financial의 약속을 강조합니다, 그들의 성장과 운영 성공을 가능하게 합니다.
Jushi의 회장 겸 창립자인 Jon Barack은 XS Financial의 지속적인 지원에 대한 감사를 표명했습니다. XS Financial의 COO인 Antony Radbod는 대마초 분야에서의 성장을 가능하게 하기 위해 혁신적이고 유연한 금융 솔루션을 제공하는 데 헌신하고 있음을 강조했습니다.
XS Financial Inc. (CSE:XSF)(OTCQB:XSHLF) a annoncé une facilité de leasing CAPEX de 2,4 millions de dollars pour Jushi Holdings Inc, un opérateur de cannabis multi-états. Ce renouvellement permet à Jushi de posséder des équipements avec des modalités allant jusqu'à 60 mois, améliorant ainsi les capacités des installations existantes et soutenant les développements dans l'ensemble de leurs opérations. Ce partenariat met en avant l'engagement d'XS Financial à fournir des solutions de financement sur mesure pour les leaders de l'industrie du cannabis, ce qui leur permet de croître et d'atteindre un succès opérationnel.
Jon Barack, Président et Fondateur de Jushi, a exprimé sa gratitude pour le soutien continu d'XS Financial dans leurs plans d'expansion et de rénovation. Antony Radbod, COO d'XS Financial, a souligné leur dévouement à offrir des solutions financières innovantes et flexibles pour encourager la croissance dans le secteur du cannabis.
XS Financial Inc. (CSE:XSF)(OTCQB:XSHLF) hat eine CAPEX-Leasing-Fazilität in Höhe von 2,4 Millionen Dollar für Jushi Holdings Inc., einen Multi-State-Cannabisbetreiber, angekündigt. Diese Erneuerung ermöglicht es Jushi, Ausrüstung mit Laufzeiten von bis zu 60 Monaten zu erwerben, wodurch die Fähigkeiten in den bestehenden Einrichtungen verbessert und der Ausbau ihrer Betriebe unterstützt wird. Die Partnerschaft hebt das Engagement von XS Financial hervor, maßgeschneiderte Finanzierungslösungen für die führenden Unternehmen der Cannabisbranche anzubieten, um deren Wachstum und operativen Erfolg zu fördern.
Jon Barack, Präsident und Gründer von Jushi, drückte seine Wertschätzung für die fortwährende Unterstützung von XS Financial in ihren Expansions- und Renovierungsplänen aus. Antony Radbod, COO von XS Financial, betonte ihr Engagement, innovativen und flexiblen Finanzlösungen anzubieten, um das Wachstum im Cannabis-Sektor zu fördern.
- XS Financial secured a $2.4 million CAPEX lease facility with Jushi Holdings
- The lease terms extend up to 60 months, providing long-term financing
- The facility will support equipment purchases for Jushi's expansion and renovation plans
- Partnership renewal indicates ongoing business relationship and potential for future deals
- None.
LOS ANGELES, CA / ACCESSWIRE / August 8, 2024 / XS Financial Inc. ("XS Financial", "XSF" or the "Company") (CSE:XSF)(OTCQB:XSHLF), a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, announced today that it has entered into a new lease renewal with Jushi Holdings Inc ("Jushi"), a vertically integrated operator in seven states. All amounts are in U.S. dollars.
Jushi has been approved for a
Jon Barack President and Founder of Jushi Holdings Inc commented: "We appreciate XS Financials' continuing support as a capital provider to Jushi as we further develop expansion plans and renovations throughout our network of grower-processor facilities."
Antony Radbod, COO of XS Financial commented: "We are thrilled to continue our partnership with Jushi Holdings Inc. and provide them with a tailored financing solution dedicated to capital expenditures across their nationwide footprint. This renewed facility underscores our ongoing commitment to supporting industry leaders with innovative and flexible financial solutions that empower their growth and operational success."
About Jushi Holdings Inc
We are a vertically integrated cannabis company led by an industry leading management team. Jushi is focused on building a multi-state portfolio of branded cannabis assets through opportunistic acquisitions, distressed workouts and competitive applications. Jushi strives to maximize shareholder value while delivering high quality products across all levels of the cannabis ecosystem. For more information please visit jushico.com or our social media channels, Instagram, Facebook, X and LinkedIn.
About XS Financial
Founded in 2017, XS Financial specializes in providing CAPEX financing solutions to cannabis companies in the United States, including cultivators, processors, manufacturers, and testing laboratories. In addition, XSF has partnered with over 250 original equipment manufacturers (OEM) through its network of Preferred Vendor partnerships. This powerful dynamic provides an end-to-end solution for customers which results in recurring revenues, strong profit margins, and a proven business model for XSF stakeholders. The Company's subordinate voting shares are traded on the Canadian Securities Exchange under the symbol "XSF". For more information, visit: www.xsfinancial.com.
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Forward-Looking Information
This press release contains "forward-looking information" and may also contain statements that may constitute "forward-looking statements", collectively "forward-looking information", within the meaning of applicable Canadian securities legislation. Such forward-looking information is not representative of historical facts or information or current condition, but instead represent the beliefs and expectations regarding future events about the business and the industry and markets in which XS Financial operates, as well as plans or objectives of management, many of which, by their nature, are inherently uncertain. Generally, such forward-looking information can be identified by the use of terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking information contained herein may include but is not limited to, any additional leasing opportunities and the ability to capitalize on such and the timing thereof. Forward-looking information is not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Accordingly, readers should not place undue reliance on forward-looking information, which are qualified in their entirety by this cautionary statement. XS Financial Inc., does not undertake any obligation to release publicly any revisions for updating any voluntary forward-looking information, except as required by applicable securities law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: XS Financial
View the original press release on accesswire.com
FAQ
What is the value of the CAPEX lease facility XS Financial provided to Jushi Holdings?
What is the maximum term length for the equipment lease provided by XS Financial (XSHLF) to Jushi?
How will Jushi Holdings use the lease facility from XS Financial?
In how many states does Jushi Holdings operate according to the press release?
